Holland & Hart Represents First Interstate BancSystem in IPO
DENVER (April 12, 2010) – Attorneys in Denver-based law firm Holland & Hart represented First Interstate BancSystem, Inc. (NASDAQ: FIBK) in connection with its initial public offering of Class A common stock at $14.50 per share, raising net proceeds to the company of approximately $153.3 million. This offering was the first bank holding company IPO completed in the U.S. since July 2007.
First Interstate BancSystem is a financial and bank holding company headquartered in Billings, Montana, with 72 banking offices in 42 communities located in Montana, Wyoming and western South Dakota. The initial public offering consisted of 11.5 million shares of Class A common stock, which included the full exercise of the underwriters’ option to cover over-allotments.
The Holland & Hart team included partners David Angerbauer and Scott A. Berdan and their colleagues Lucy Stark, Jonathan Dhillon and Shawn Stewart on corporate and securities matters; partners Adam Cohen and Peter Perla on tax matters; and partner Beth Nedrow and her colleague Leslie Thomson on executive compensation and benefits matters.
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